Guideline Value for Ethirajapuram Main Road

Ethirajapuram Main Road guideline value

The current guideline value of Ethirajapuram Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Tambaram village and falls under the Tambaram Joint 1 SRO, classified as Residential Special Type - II.

How the guideline value of Ethirajapuram Main Road has changed

The guideline value for Ethirajapuram Main Road has seen several revisions over the years. In 2007, the value was Rs 2,500 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a 60% rise. However, in 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The value then significantly increased to Rs 4,000 per sq.ft in 2023, followed by the current rate of Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 76%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tambaram

Within Tambaram village, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Ethirajapuram Main Road above this median.

• Erikarai Street: Rs 2,200 per sq.ft (2024)
• Elumalai Street: Rs 6,600 per sq.ft (2024)
• Durgas Road: Rs 2,200 per sq.ft (2024)
• Duraiswamy Reddy St: Rs 6,600 per sq.ft (2024)
• Duraisamy Street: Rs 5,500 per sq.ft (2024)
• Gandhi Road: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ethirajapuram Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ethirajapuram Main Road?

The Sub Registrar Office that covers Ethirajapuram Main Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Tambaram

The guideline value is an essential factor in property transactions in Tambaram. It serves as a reference for determining the stamp duty and registration fees that need to be paid during the registration of property sales. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Ethirajapuram Main Road?

The current guideline value of Ethirajapuram Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 76% over the years.

What is the land classification for Ethirajapuram Main Road?

Ethirajapuram Main Road is classified as Residential Special Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Ethirajapuram Main Road located?

The Sub Registrar Office for Ethirajapuram Main Road is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.